Metrobank recorded P6.1-b income on 13% rise in first-quarter revenue

Metropolitan Bank & Trust Company, the country’s second-largest lender, said Thursday it posted P6.1 billion in net income in the first quarter on the back of a 13-percent gross revenue growth......»»

Category: financeSource: thestandard thestandardApr 30th, 2020

Metrobank profit up 15% in Q1

Metropolitan Bank & Trust Co. (Metrobank) recorded a 15 percent increase in earnings to P6.8 billion in the first quarter from P5.9 billion in the same quarter last year on the back of consistent loan growth and margin expansion, higher fee-based income, and prudent operational expenditures, according to its president Fabian Dee......»»

Category: financeSource:  philstarRelated NewsMay 7th, 2019

Canned goods maker Century hikes profit by 31% to P1.4b

Century Pacific Food Inc. one of the country’s largest food companies, saw its first-quarter net income rise 31 percent to P1.4 billion year-on-year, boosted by the strong demand for canned good products amid enhanced community quarantine period......»»

Category: financeSource:  thestandardRelated NewsMay 7th, 2020

Aboitiz Equity registered P2-b net profit in Q1

Aboitiz Equity Ventures Inc. registered a net income of P2 billion in the first quarter of 2020, down 42 percent from P3.5 billion recorded in the same period last year......»»

Category: financeSource:  thestandardRelated NewsApr 30th, 2020

Metrobank posted P6.1-b income in first quarter

Metropolitan Bank & Trust Company said Thursday it posted P6.1-billion in net income in the first quarter of 2020......»»

Category: financeSource:  thestandardRelated NewsApr 30th, 2020

BDO Leasing reversed to net profit of P83m in first quarter

BDO Leasing and Finance Inc., the leasing unit of BDO Unibank Inc., recorded a net income of P83 million in the first quarter of 2020, a reversal from a P24-million loss year-on-year......»»

Category: financeSource:  thestandardRelated NewsApr 20th, 2020

Industry revenue growth slows in Q4

The gross revenue growth of Philippine industries decelerated to 3.5 percent in the fourth quarter of 2019 from 9.3 percent a year earlier, data from the Philippine Statistics Authority (PSA) showed on Thursday. Among industries, the PSA said, finance recorded the fastest growth at 13.7 percent. This was followed by trade; other services; real estate; […].....»»

Category: newsSource:  manilatimes_netRelated NewsMar 20th, 2020

Victorias Milling& rsquo;s income declines 4.3% to P77.5 million

Sugar refiner Victorias Milling Co. said Monday it posted a net income for P77.5 million in the first quarter of fiscal year 2019-2020 covering the period September to November 2019, down 4.3 percent from P81 million recorded in the same period last year......»»

Category: financeSource:  thestandardRelated NewsJan 13th, 2020

Industries’ gross revenue growth slows in Q3

Gross revenues of industries grew by 7.6 percent in the third quarter of the year, slower than the 9.7-percent expansion in the same period last year, the Philippine Statistics Authority (PSA) said. In its latest Quarterly Economic Indices (QEI) report released on Thursday, the PSA said that among the industries, trade recorded the fastest growth […].....»»

Category: newsSource:  manilatimes_netRelated NewsDec 19th, 2019

Profit climbs 20% in Q3

Philippine Savings Bank,the thrift banking arm of the Metrobank Group, posted a higher net income of P813 million in the third quarter, backed by the strong growth in its core business......»»

Category: newsSource:  philstarRelated NewsNov 8th, 2019

Security Bank nets 22% more to P2.7 billion in Q3

Security Bank Corp. reported a net income of P2.7 billion in the third quarter, up 22 percent from the P2.25 billion recorded in the same quarter of 2018......»»

Category: financeSource:  philstarRelated NewsNov 6th, 2019

BSP earnings steady at P17.6 B in 4 months

The net income of the Bangko Sentral ng Pilipinas (BSP) was almost steady at P17.58 billion in the first four months compared to the P17.55 billion recorded in the same period last year amid the sharp rise in revenues and expenses......»»

Category: financeSource:  philstarRelated NewsJul 16th, 2019

PAG-IBIG Fund Posts P9-B Net Income in Q1 2019

Pag-IBIG Fund recorded higher earnings in the first three months of the year as demand for its loan products surge and collections continue to improve. For the first quarter of 2019, the Fund’s gross income amounted to P12.69 billion while net income reached P8.96 billion, up by 17 percent and 11 percent, respectively, from its […].....»»

Category: newsSource:  metrocebuRelated NewsMay 16th, 2019

Ayala profit up 5% in Q1

Ayala Corp., the country’s oldest conglomerate, recorded a net income of P8 billion in the first quarter, five percent higher than the year ago on strong results of its real estate, banking and telco businesses......»»

Category: financeSource:  philstarRelated NewsMay 11th, 2019

TRAIN law crushes Petron s earnings in Q1 2019

MANILA, Philippines – The Tax Reform for Acceleration and Inclusion (TRAIN) law derailed the growth prospects of Petron , the country's largest oil refining and marketing company, with its consolidated net income plunging by 77.6% to P1.3 billion in the 1st quarter of 2019. This is compared to the P5.8 billion recorded in the same period ........»»

Category: newsSource:  rapplerRelated NewsMay 7th, 2019

Ayala Land income grows 12% to P7.3 B

Ayala Land Inc. (ALI) grew its first quarter profit by 12 percent to P7.3 billion as a result of the sustained performance of its property development business as well as a surge in commercial leasing revenue......»»

Category: financeSource:  philstarRelated NewsMay 7th, 2019

ALI nets P7.3B in 1st quarter

AYALA LAND, Inc. (ALI) saw its net income rise 12% in the first three months, driven by higher residential sales and strong commercial leasing revenues......»»

Category: financeSource:  bworldonlineRelated NewsMay 7th, 2019

AboitizPower Q1 Net Income Dips by 9% to P3.6 Billion

AboitizPower recorded a consolidated net income of P3.6 billion for the first quarter of 2019, 9% lower than the P4 billion recorded for the same period last year. Non-recurring losses amounting to P440 million were recognized during the period, compared to the P1.2 billion in non-recurring losses recorded during the same period last year. Without […].....»»

Category: newsSource:  metrocebuRelated NewsMay 3rd, 2019

FIFA set to approve bigger, richer World Cup on Tuesday

GRAHAM DUNBAR, AP Sports Writer   FIFA is set to make the World Cup bigger and richer, even if the price to pay is lower quality soccer. FIFA President Gianni Infantino hopes his ruling Council will agree Tuesday to expand the 2026 World Cup to 48 nations, playing in 16 groups of three teams. A decision could be delayed if some Council members demand to know exactly how many qualifying places each continent will get before agreeing to scrap the 32-team format. It has been successful, popular and profitable since 1998 and is locked in for the next two World Cups in Russia and Qatar. The prize of 16 extra places, and the biggest increases to Africa and Asia, has 'overwhelming' support from FIFA's 211 member federations, Infantino has said. Their promise of extra funding from Zurich could also be secured by FIFA's forecast 20 percent rise in rights fees paid by broadcasters and sponsors. 'Financially, the 48-team format is the most appealing or successful simply because the sporting element is prevailing and every match is important,' Infantino said two weeks ago. 'The decision should not be financially driven, neither in terms of revenue or costs ... but the driver should really be the development of football and boosting football all over the world.' World Cup champion Germany is not in favor. It argued that diluting the number of European and South American teams — which won all 20 titles since 1930 — could 'strengthen the imbalance' seen at some tournaments. 'The (German soccer federation) fundamentally believe that the current 32-team format is the best option,' its president Reinhard Grindel said last week. Germany has no delegate at Tuesday's meeting though Grindel is set to join the FIFA Council in May. FIFA acknowledged the risk of lower standards in a research document sent to members last month, as first reported by The Associated Press. The 'absolute quality' of soccer, defined by high-ranked teams playing each other most often, is achieved by 32 teams, FIFA said, citing 10,000 tournament simulations made to reach that conclusion. Still, Infantino promised voters more World Cup places and funding raises before his election last February. FIFA expects $5.5 billion income tied to the 2018 World Cup in Russia, though 25 of 34 sponsorship slots are unsold. The research document predicted the equivalent of $6.5 billion revenue from a 48-team tournament in the '16x3' format, which would send two teams from each group to a new Round of 32 knockout bracket. All 80 matches would play in an exclusive time slot. Currently, 64 World Cup matches have 56 broadcast slots because the eight four-team groups play their last matches simultaneously. FIFA predicts organizing costs for '16x3' rising from $2 billion to $2.3 billion, giving a potential profit rise of $640 million. Though a '16x3' World Cup would still need a maximum of 12 stadiums, the demand for 16 more top-quality training camps and hotels suggests FIFA would look for 2026 hosts with existing capacity. A North American bid from two or three of the United States, Canada and Mexico is currently favored in a contest that could start within weeks. Five options are open Tuesday, including staying with 32 teams. Infantino campaigned last year on a 40-team promise, in either eight groups of five teams or 10 groups of four teams. Neither impressed voters in recent regional meetings of FIFA member federations. When the FIFA leader first proposed 48 teams, it included an opening playoff round. The 16 winners would join 16 seeded teams in a traditional 32-team group stage. FIFA members disliked 'one-and-done' teams going home before the 'real' World Cup kicks off. It would also stretch to a 39-day event with more short-notice travel for fans. Africa and Asia could be the big winners, and FIFA hopes new teams would include another Iceland, Wales and Costa Rica — over-achieving teams and feelgood stories at recent tournaments. Still, hapless Tahiti was outclassed at the 2013 Confederations Cup, conceding 24 goals in three games. 'The goal of expanding the FIFA World Cup,' it has told members, 'is to further advance the vision to promote the game of football, protect its integrity and bring the game to all.' ___ Entry quotas for 2018 World Cup: Europe 14 (including host Russia to qualify direct); Africa 5; Asia and South America 4.5 each; North, Central America and Caribbean 3.5; Oceania 0.5. .....»»

Category: sportsSource:  abscbnRelated NewsJan 9th, 2017

United income falls 51% due to big write down

Dallas – United Airlines' second-quarter profit dropped 51 percent as revenue fell due to lower average fares, which are expected to.....»»

Category: newsSource: NewsJul 20th, 2016

Economic rebound seen in Q3

A rapid recovery for the domestic economy may not be likely but improvement in output may be seen by this quarter, according to the investment banking arm of the Metrobank Group......»»

Category: financeSource:  philstarRelated News1 hr. 57 min. ago